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20130221
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FOX Business
Feb 20, 2013 7:00pm EST
if the sequester were to take effect. pentagon officials, however, confirm that those furloughs would not begin until april at the earliest and that furloughed employees would be asked to miss one day of work per week for 22 weeks. the reality of sequestration is that it represents a very small portion of overall government spending, no matter how dramatic or how grim the president projects the consequences. fox news chief political correspondent carl cameron has our report. >> these cuts are not smart, not fair. >> six business days and counting to $85 billion in across-the-board federal spending reductions. defense bases in 8 percent cut and other agencies reduce spending five to 6%. as part of the over three and half trillion dollar federal budget for this year alone the $85 billion sequester cuts amount to a tiny slice. only just under two and a half%. government spending is average 20% of annual u.s. economic activity. even after the sequester cuts it will be 22% this year, 10 percent higher than the average for the last seven decades. government spending is still projected to rise substan
Search Results 0 to 1 of about 2 (some duplicates have been removed)